Musk’s AI startup xAI is working to secure up to $12 billion more for its expansion plans, reports have stated.

This news comes roughly three months after FuriosaAI declined Meta’s $800 million acquisition offer, opting to remain ...

The High Court in London said deceased tech entrepreneur Mike Lynch's estate and his former business partner Sushovan Hussain owed HPE more than 700 million pounds, equivalent to about $945 million, ...

"To support our bull case, we believe that [Oracle] will likely raise incremental debt (we are assuming an additional $20bn of debt) to meet this bull case, which at a 5% interest rate would increase ...

ChatGPT 's CEO Sam Altman has a bold vision for the future of AI, something other big tech can’t compete with: one powered by ...

The company has already made cost-cutting strides this month, axing about 9,000 employees in its latest round of layoffs.

OpenAI, which recently announced a $40 billion round of financing, is seeking funding from new and existing investors to fulfill the deal.

Valor Equity Partners, an investment firm whose founder, Antonio Gracias, has close ties to Musk, is in talks with lenders to ...

XAI is tapping into the booming private-credit market to find the cash it needs to build massive data centers.

The White House intends to publish a plan on Wednesday that calls for the export of American AI technology abroad and a ...